To Determine How Strong the Threat of Substitutes Will Be

question 43

Multiple Choice

To determine how strong the threat of substitutes will be entails:

• A) identifying the relative price/performance relationship of the substitutes,the switching costs and the overall buyer demand for the substitute.
• B) identifying the attractiveness of other industries.
• C) measuring Coke as a substitute for Pepsi and applying dynamic simulation modeling techniques.
• D) adopting a substitute product concentration factor to the buyer volume.
• E) All of these.

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Definitions:

Emotional Response

The psychological and physiological reactions that occur in response to an external stimulus, driven by feelings and emotions.

Gate Theory

A theory proposing that there are "gates" in the spinal cord that either allow or block pain signals from reaching the brain, thus affecting our perception of pain.

Spinal Cord

The cylindrical bundle of nerve fibers and associated tissue that is connected to the brain at the brainstem and runs down the back, encased in the spinal column.

Sensation

Sensation is the process by which sensory receptors and the nervous system receive and represent stimuli from the environment, serving as the foundation for perception.